Gold Projects in Queensland, New South Wales Australia and in New Zealand
Investment opportunities at
- Klondyke in New South Wales, Australia,
- Lyell in New Zealand, and
- Runningbrook in Queensland, Australia
Klondyke Gold Prospect
- New South Wales, Australia (50km north-east of Glen Innes).
- Location is historic gold mining district and well serviced with road, power and water.
- Veined gold mineralisation with RC drill intersections up to 7.74 g/t gold.
- Predictive Modelling targeting 0.5MOz-1.0MOz.
- Much larger disseminated gold in granite target (IRGD model) occurs over a 10km x 2km northwest trending elliptical zone. Predictive Modelling targeting 3.0MOz-5.0MOz.
- Drilling planned for October 2009.
Lyell Gold Prospect
South Island of New Zealand (West Coast – 60km east of Westport)
- Located within haulage distance to existing Reefton gold mining and processing facility.
- Highly prospective ground located over historic mining activities where 95,000 oz of Gold was extracted last century from underground mining.
- Open cut mining above the underground workings has the potential to add significant capacity available to the nearby process plant.
- Predictive Modelling targeting 0.5MOz.
Runningbrook Gold(Copper) Prospect
Queensland, Australia (approx 150km WSW of Cairns)
- Best rock chip samples included a maximum 3.12g/t Au and 8.17% Cu.
- Location is an historic gold mining region with well serviced for road, power and water.
- Located in the same region as one of Australia’s most profitable Gold Mines, Kidston, which produced 3.4MOz gold.
- Predictive Modelling targeting +1.0MOz gold.
Competent Person Statement
The information in this report that relates to Exploration Results is based on information compiled by John Lawton who is a Member of The Australasian Institute of Mining and Metallurgy. He is a full-time employee of the Company and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. John Lawton consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
